The study requires two to three days in the field and a couple of weeks of additional research, compilation and production. The end result is a specific document that provides you, your advisors and your bankers an objective market study and business proforma that details the return you will receive from the project and what you have to do to earn it.

The report will address the various components of the asset and trade area, and state a clear recommendation as to the viability of the project.

+    The site access, visibility and other relevant factors which contribute to the success of a mini-warehouse project.
+    The condition of the improvements, recommended capital improvements, changes to the unit mix and features that would provide you with the best long-term return on investment.
+    Recommendations on RV and boat parking, mailboxes, retail sales, truck rentals and other options which may or may not add to a property's bottom line.
+    The competition in the various segments of your proposed trade area with an assessment of their operations and the impact on your project.
+    Proposed new competitors that may be discovered through municipal planning records or industry channels.
+    The market area demographics in terms of population, number of households, levels of income, household mobility, traffic counts and flows, and other factors which influence the success of a self storage facility.
+   The market rates, pricing recommendations and estimated rental activity.
+    First year monthly income and expense budget plus a five-year summary revenue and expense operating pro forma.

The study requires two to three days in the field and a couple of weeks of additional research, compilation and production. The end result is an overview of the current operation, a market study, and a business proforma that provides you, your advisors and your bankers an objective outline of the return you will receive from the self storage subject property and what you will have to do to earn it.

+    The report will begin with an executive summary of the project. It will address the various components of the report and state a clear recommendation as to the viability of the project.
+    The site access, visibility and other relevant factors which contribute to the success of a self storage project.
+    The proposed improvements, unit mix and features that would provide you the best long-term return on investment.
+    Recommendations on RV and boat parking, mailboxes, retail sales, truck rentals and other options which may or may not add to a property's bottom line.
+    The competition in the various segments of your proposed trade area with an assessment of their operations and the impact on your project.

Feasibility Analysis Includes:

+    Proposed new competitors that may be discovered through municipal planning records or industry channels.
+    The market area demographics in terms of population, number of households, levels of income, household mobility, traffic counts and flows, and other factors which influence the success of a self storage facility.
+    The rent up schedule and estimate of carrying costs until break even.
+    First five year revenue and expense operating pro forma.
+    A preliminary construction cost estimate, based on square foot averages in your market. This is not a detailed construction and equipment budget, but is useful in estimating the expected all in costs and ensuing return on investment.

Turning your business plan into a reality requires knowledge as to what features and benefits will truly add to your bottom line. When you build a storage facility, you are not only building the store, you are stocking the shelves and merchandising the aisles. Doing it right the first time not only saves expenses in the future, it maximizes your top line from the moment the property opens for business.

There are a lot of bells and whistles available for self storage developers today, and we can help you sift through the fads to incorporate the things that will truly add value to your specific facility in your specific market.

We can and/or will work with your architects, engineers and construction professionals on an as-needed basis for the daily and hourly rate,
or head the project up for you, by:

+    helping you choose the professionals you really need
+    providing the overview for the layout, design and features of your project
+    working with the municipality in obtaining all the variances, permits and approvals
+    taking the finished plans or scopes of work and obtaining bids and verifying final budgets